Home Affordable Refinance and Modification Options

By now, you’ve probably heard about President Obama’s Stimulus Plan and the benefits for homeowners. Member First Mortgage is pleased to play a key role in supporting homeownership by offering refinancing and modification opportunities under the federal Making Home Affordable Program. This program outlines options for mortgage refinancing and modifications to customers who already have a mortgage relationship with Member First.

Refinancing

Many homeowners pay their mortgage on time but do not qualify to refinance at today’s lower rates due to current home values. A Making Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage. Learn more about the Home Affordable Refinancing option.

Learn More About the Making Home Affordable Refinancing Option

Modifications

If you can no longer afford to make your monthly mortgage payment because your interest rate has increased, you have less income, or are experiencing a financial hardship, you may qualify for a modification to make your monthly mortgage payments more affordable. Learn more about the Home Affordable Modifications option.

Learn More About the Making Home Affordable Modification Option